Trump threatens tax on EU cars: BBC

US President Donald Trump has stepped up his war of words over trade tariffs, threatening to "apply a tax" on imports of cars from the European Union, reported British Broadcasting Corporation (BBC).

Trump said other countries had taken advantage of the US for years because of its "very stupid" trade deals, said the BBC report, adding that the trade wrangle began on Thursday when Trump vowed to impose hefty tariffs on steel and aluminium imports.

Trump´s announcement brought a stiff response from trading partners and criticism from the IMF and WTO.

EU trade chiefs have reportedly been considering slapping 25% tariffs on around $3.5bn (£2.5bn) of imports from the US, following Mr Trump's proposal of a 25% tariff on imported steel and 10% on aluminium, said the report.

They would target iconic US exports including Levi's jeans, Harley-Davidson motorbikes and Bourbon whisky, European Commission head Jean-Claude Juncker said, added the BBC.

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